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Yamana Gold Inc.YRI.TOCOMMENTJun 11, 2015Stock price when the opinion was issued
As of Apr 03, 2023. Market Open.
They basically broke up the company to have the marginal Brazilian assets in Equinox. They sorted out their balance sheet.
Gold miners tend to do well from July through to September, which is a time when there is a pickup in volatility. There has already been a bit of a basing pattern in gold itself. The miners are not reacting as of yet, but this one could be setting up. There is support at about $4. You could take a position to play the volatility to the end of the summer. It’s not showing the uptick as yet, but you do have a crossing point which could be your Stop level.